NOV 20 2017: BULLS AHOY AT NAIROBI SECURITIES EXCHANGE

Today Monday November. 20 2017; the Nairobi Securities Exchange closed bullish especially over the banking and Energy and Petroleum sectors leading to 1.69 points rise by the All shares index to 164.82

The gains in Kshillings terms were small but those little drops pointed to a rather optimistic market in spite of still hazy political climate and cloudy economic headwinds.

In all there were 30 price gains compared to only 7 price drops and the gains were paced in Kshillings terms by Kes 3.00 gain per share each by Williamson Tea and Diamond Trust Bank.

For Williamson Tea, it was a simple matter of hitting and closing at Kes 166 per share thus topping up Friday close but not that easy for DTB.

DTB hit day low of Kes 186 per share, then a high of Kes 191 before closing at Kes 190 per share compared to Kes 187 per share close last Friday.

It thus actually paced cluster of 7 price gainers in the banking sector compared to only drops. Trailing DTB more than 50% behind was Equity group and KCB Group, up Kes1.25  per share each and Standard Chartered Bank with Kes 1.00 top up  while Cooperative bank and Barclay's bank closed Kes 0.15 and Kes 0.05 per share higher respectively and NIC Group gained Kes 0.25 per share.

Only two banks recorded price drops: Stanbic Holdings, down Kes 0.50 per share and National Bank which eased by Kes 0.30 per share.

In the Energy and Petroleum sector, four out of five equities traded in recorded gains led by Total Kenya, up Kes 1.00 per share followed by Uganda's Umeme ltd up Kes 0.25; Ken Gen and Ken Kobil up Kes 0.15 and Kes 0.05 per share respectively.

Optimist too spread to the insurance sector where 4 out of 6 equities quoted had price gains but less than Kes 1.00 each.

Safaricom touched day high of Kes 26 per share but closed at Kes 25.75 thus adding Kes 0.25 per share no doubt, helping the ASI up in the process.

B OC Kenya led the 7 price drops as it shed Kes 1.00 after staying firm at Kes 107 per share through the day, compared to Kes 108 per share previously.

The investors optimism showed in the number of deals struck too as it rose by 9.09% to 1177 despite 10.3% drop in traded volume to 16.867m shares and 11.4% decrease in traded value to Kes 555.5m.

Trading at the bond segment was low too coming to Kes 84m traded value.

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